DEVELOPMENT AND EFFICIENCY OF BANKING AND ECONOMIC GROWTH IN CENTRAL AND EASTERN EUROPE

Marijana Curak (), Klime Poposki and Tanja Ecim
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Marijana Curak: University of Split
Klime Poposki: University St. Kliment Ohridski
Tanja Ecim: University of Split

No 2009/32, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: In an endogenous growth framework, well developed and efficient financial system can promote economic growth. A number of empirical studies confirmed this hypothesis. Since the financial systems of transition countries are dominated by banks, in this paper we analyze the importance of banking industry for economic growth using methods of panel data analysis for 15 Central and Eastern European countries in the period from 1992 to 2006. Using variables that measure both quantitative and qualitative aspects of financial intermediation, our findings support the view that the effectiveness of banking industry is more important than its size per se for the economic growth in the Central and Eastern European countries.

Keywords: banking; financial intermediation; endogenous growth; panel; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: C23 G21 O11 O16 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-06-16
New Economics Papers: this item is included in nep-ban, nep-eec, nep-fdg and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_032

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